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Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.

Main ForumGGG Market Cap $20m -Predicted free cash flow US$360m per year

  • Highlights of the update:

    • Following pilot plant operations, recoveries and production are higher  
    • Capital and operating costs are down; GMEL’s capital cost now US $832M  
    • Project NPV has increased to $1.59B (post tax)  
    • Project IRR has increased to 43.4%
    • Average annual free cash flow of US $376M  
    • Cumulative free cash flow of US $8.88B  
    • Third party infrastructure financing initiatives are progressing
    • Major progress by Greenland Government on uranium regulation demonstrates a supportive and progressive political backdrop

    Read full release

  • The combined financial impact of the Project enhancements developed in 2015, as compared to the results of the Company’s FS, can be summarised as follows:
    1 The Project’s net present value (NPV) has increased from $1.36 to $1.59B
    2 The Project’s internal rate of return (IRR) has increased from 21.8% to 43.4%
    3 GMEL’s project finacing requirement has been reduced to $832M

  • Prrrrrr, a project that is right for everyone. Love it. Note: I do not own shares in this company... But I will in the future.

  • GGG's share price moved today by 26% on no news. On Market Cap GGG are now worth 30mill. On stated equity they are worth 78 mill. This project is on Greenland. There are less that 70 thousand people living on Greenland. This one project will provide a tax income for everyone living there for 40+ years, and at every stage the people of Greenland have agreed. Maybe a new piece of news is around the corner.

  • A Wild thought is that BHP may buy in… IMO they should as this is a tier 1 resource

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